A recent incident involving the Web3 project Munchables has seen an approximate $62.5 million worth of ether (ETH) drained due to malicious manipulation of a contract, according to blockchain data. Munchables, operating on the Blast blockchain, stated its efforts to track and halt the transactions. The project offers users the opportunity to purchase and nurture traits for digital pets in exchange for tokenized rewards. Before upgrading the platform's smart contracts, the attacker reportedly transferred users' funds to themselves. Blockchain analyst ZachXBT suggested the attacker's origin might be North Korea, based on their GitHub commit activity.

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